XRPLong
Feast your eyes on THE XRP MOON CHART!
I've seen a metric ton of charts explaining why XRP is going to break out soon and run to new all-time highs, but I think this chart is the single most compelling chart of them all!
This is the 3-month chart, and although it doesn't provide us with an accurate breakout date, it does present a solid pattern that has been exhibited in the current wedge formation numerous times.
In the previous wedge, a drop below the trendline signaled a massive run up to the top trendline. From the previous wedge to the current wedge, and within that same wedge, each time the price dropped below the lower wedge trendline, it appreciated greatly, significantly piercing the top trendline area.
The current 3-month candle has dropped below the current wedge trendline, signaling another period of significant price appreciation to come. Since the current candle is very near the end of the wedge, it will most likely be the final appreciation period of the current pattern, not only piercing the upper trendline but also appreciating to the point that it establishes the beginning of a whole new, much higher-priced wedge in the process.
In the coming months, I believe there will come a point where XRP investors and spectators alike will all be picking their jaws up off the floor! If this plays out, it’s going to be incredible!
Enjoy the ride! It’s not getting to the top of the mountain that counts; it’s the journey that got you there that you will remember!
Good luck, and always use a stop loss!
This is the 3-month chart, and although it doesn't provide us with an accurate breakout date, it does present a solid pattern that has been exhibited in the current wedge formation numerous times.
In the previous wedge, a drop below the trendline signaled a massive run up to the top trendline. From the previous wedge to the current wedge, and within that same wedge, each time the price dropped below the lower wedge trendline, it appreciated greatly, significantly piercing the top trendline area.
The current 3-month candle has dropped below the current wedge trendline, signaling another period of significant price appreciation to come. Since the current candle is very near the end of the wedge, it will most likely be the final appreciation period of the current pattern, not only piercing the upper trendline but also appreciating to the point that it establishes the beginning of a whole new, much higher-priced wedge in the process.
In the coming months, I believe there will come a point where XRP investors and spectators alike will all be picking their jaws up off the floor! If this plays out, it’s going to be incredible!
Enjoy the ride! It’s not getting to the top of the mountain that counts; it’s the journey that got you there that you will remember!
Good luck, and always use a stop loss!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.